In 2023 alone, companies reportedly spent close to $957 million on lobbying efforts. This lobbying has extended beyond tech giants and AI startups to include insurance firms, finance companies, pharma companies, academia, and telecom. The lobbying efforts have resulted in a range of industries, including new entrants like AMD and TSMC, lobbying against AI. In response to these lobbying efforts, the Biden administration has issued executive orders requiring safety assessments, civil rights guidance, and research into the impact of AI on the labor market.
Key takeaways:
- A new study reveals a record-breaking surge in AI lobbying in 2023, with a 185% rise from the previous year, involving nearly 450 different companies.
- The increase in AI lobbying comes at a time when there are increasing calls for AI regulation, with President Biden's administration beginning to codify such regulations.
- Many firms, including tech giants, AI startups, insurance firms, finance companies, pharma companies, academia, and telecom, have been involved in AI lobbying, with spending reaching nearly $957 million in 2023 alone.
- Following executive orders on AI, there has been a flurry of activity from industry groups, labor unions, and others to shape regulations, manage risks, and create standards for AI systems.